Nonprofit · EIN 34-6513748
JOSEPH J SCHOTT FOUNDATION
Tax-exempt · MT PLEASANT, SC 29464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $238,021 | $701,417 | -$463,396 | $9,069,497 | $0 | $9,069,497 |
| December 31, 2023 | 990-PF | $781,470 | $850,604 | -$69,134 | $7,386,578 | $0 | $7,386,578 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,746
- Dividends
- $114,918
- Interest
- $40,679
- Net gain from sales of assets
- $80,640
- Other income
- $38
Expenses
- Grants and similar amounts paid
- $501,500
- Compensation of officers, directors and key employees
- $132,000
- Disbursements for charitable purposes
- $616,885
- Excise tax on investment income
- $2,109
Balance sheet and other
- Total assets, start of year
- $7,386,578
- Total assets, end of year
- $9,069,497
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,069,497
- Fair market value of assets
- $12,958,583
- Qualifying distributions
- $616,885
- Net investment income
- $236,275
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH S SAAL 703 OLDE CENTRAL WAY, MOUNT PLEASANT, SC 29464 | VICE PRESIDENT/TREASURER | 10 | $36,000 |
| WILLIAM DUNNE SAAL 703 OLDE CENTRAL WAY, MOUNT PLEASANT, SC 29464 | PRESIDENT | 10 | $36,000 |
| R GREGORY SCHOTT 703 OLDE CENTRAL WAY, MOUNT PLEASANT, SC 29464 | SECRETARY | 10 | $36,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH S SAAL 703 OLDE CENTRAL WAY, MOUNT PLEASANT, SC 29464 | VICE PRESIDENT/TREASURER | 10 | $42,000 |
| WILLIAM DUNNE SAAL 703 OLDE CENTRAL WAY, MOUNT PLEASANT, SC 29464 | PRESIDENT | 10 | $42,000 |
| R GREGORY SCHOTT 703 OLDE CENTRAL WAY, MOUNT PLEASANT, SC 29464 | SECRETARY | 10 | $42,000 |
Address and contacts
- Address (IRS master file)
- 703 OLDE CENTRAL WAY, MT PLEASANT, SC 29464-2771
- In care of
- % L THOMAS HILTZ
- Signed the 990-PF
- WILLIAM D SAAL JR, PRESIDENT
- Phone
- (843) 670-8716
- Return prepared by
- MOSS & YANTIS CPA PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 34-6513748
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $9,069,497
- Income (IRS master file)
- $683,092
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $238,021 | $701,417 | $9,069,497 | XML |
| 990-PF | December 2023 | $781,470 | $850,604 | $7,386,578 | XML |
| 990-PF | December 2022 | $336,469 | $527,970 | $9,953,433 | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-6513748).
Questions about JOSEPH J SCHOTT FOUNDATION
- What is the EIN of JOSEPH J SCHOTT FOUNDATION?
- The employer identification number (EIN) of JOSEPH J SCHOTT FOUNDATION is 34-6513748.
- Is JOSEPH J SCHOTT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to JOSEPH J SCHOTT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOSEPH J SCHOTT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOSEPH J SCHOTT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOSEPH J SCHOTT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of JOSEPH J SCHOTT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $36,000 (ELIZABETH S SAAL, VICE PRESIDENT/TREASURER).
- How much revenue does JOSEPH J SCHOTT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $238,021, expenses of $701,417 and total assets of $9,069,497 at year end.
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